Whoever said the best things in life are free obviously didn’t have children…Having kids is expensive, but, as any parent will tell you, they’re worth every cent.
One of the best decisions you can make as a parent, is to decide to start saving early on for your child’s education. Putting money aside for your child is a great way to protect yourself against the possibility of financial difficulties later in life. They might need money for several different reasons: from paying for their studies to buying their first car or even starting their own business. In South Africa, the cost of education is increasing annually at a rate higher than inflation, whilst the average South African salary can barely keep pace.
The reality is that all these above-mentioned expenses will require a substantial degree of capital outlay in the future. Most parents in South Africa start saving too late for their child’s tertiary education. This in effect results in forfeiting years’ worth of investment in their children’s potential growth.
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